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|CONTENTS|PAGE|
|---|---|
|Trustees, officers and advisers|1-2|
|Annual
Report ofthe Trustees|3-7|
|Independent
Auditor's
Report|8-10|
|Statement of Financial Activities|11-12|
|Balance Sheet|13|
|Statement ofCashflows|14|
|Notes to the Financial Statements|15-25|
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|||||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|---|
||||Notes|Funds|Funds|Total|Total|
|||||f|f|f|f|
|Income||||||||
|Donations,
legacies and grants|||2b, 3|287,335|728,892|1,016,227|691,806|
|Investments|||2b|832|421|1,253|388|
|Total income||||288,167|729,313|1,017,480|692,194|
|Expenditure||||||||
|Costs ofraising funds||||124,004||124,004|75,375|
|Expenditure
on charitable||activities:||||||
|Donations to Sherborne|School||||678,761|678,761|2,067,954|
|Operational
costs||||87,278||87,278|100,345|
|Total expenditure|||2c|211,282|678,761|890,043|2,243,674|
|Net income/(expenditure)||and net movement||||||
|in funds before gains and||losses on||||||
|investments||||76,885|50,552|127,437|(1,551,480)|
|Net gains/(losses)
on investments||||||||
|Net movement
in funds||||76,885|50,552|127,437|(1,551,480)|
|Reconciliation
offunds||||||||
|Total funds brought
forward||||600,275|118,185|718,460|2,269,940|
|Total funds carried forward|||12 13|677'160|168,737|845,897|718,460|
||||Unrestricted|Restricted|2021|
|---|---|---|---|---|---|
|||Notes|Funds
f|Fundsf|Totalf|
|Income||||||
|Donations,
legacies and grants||2b, 3|304,635|387,171|691,806|
|Investments||2b|205|183|388|
|Total income|||304,840|387,354|692,194|
|Expenditure||||||
|Costs of raising funds|||75,375||75,375|
|Expenditure
on charitable|activities:|||||
|Donations to Sherborne|School||981,147|1,086,807|2,067,954|
|Operational
costs|||100,345||100,345|
|Total expenditure||2c|1,156,867|1,086,&07|2,243,674|
|Net income/(expenditure)|and net movement|||||
|in funds before gains and losses on||||||
|investments|||(852,027)|(699,453)|(1,551,480)|
|Net gains/(losses)
on investments||||||
|Net movement
in funds|||(852,027)|(699,453)|(1,551,480)|
|Reconciliation offunds||||||
|Total funds brought
forward|||1,452,302|817,638|2,269,940|
|Total funds carried forward||12 13|600,275|118,185|718,460|
||||2022|2021|
|---|---|---|---|---|
|||Notes|f|f|
|Fixed assets|||||
|Tangible assets||8|780||
|Investment
assets||9|654,741|654,741|
||||655,521|654,741|
|Current assets|||||
|Debtors||10|71,223|6,302|
|Cash at bank and in|hand||131,145|65,564|
||||202,368|71,866|
|Creditors: amounts|falling due within one year|11|(11,992)|(8,147)|
|Net current assets|||190,376|63,719|
|Total net assets|||845,897|718,460|
|The funds ofthe charity:|||||
|Restricted funds||12|168,737|118,185|
|Unrestricted
funds||12|677,160|600,275|
|Total charity funds|||845,897|718,460|
|STATEMENT OF CASHF
as at 30June 2022||LOWS|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Notes||f|
|Cash flows from operating||activities:|||||
|Net cash provided
by/(used||in)|||||
|operating
activities||||14|66,620|(1,316,099)|
|Cash flows from investing|activities:||||||
|Purchase of property,
plant||and equipment|||(1,039)||
|Proceeds from sale of investments||||||82,000|
|Net cash provided
by/(used||in) investing||activities|(1,039)|82,000|
|Change
in cash and cash equivalents|||in the||||
|reporting
period|||||65,581|(1,234,099)|
|Cash and cash equivalents||at the beginning|||||
|ofthe reporting
period|||||65,564|1,299,663|
|Cash and cash equivalents||at the end|ofthe||||
|reporting
period|||||131,145|65,564|
|Cash and bank balances|||||131,145|65,564|
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|||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||f|f|
|Donations||||||||||||
|Committed||giving||||||||91,809|67,281|
|Donations||||||||||633,460|254,687|
|Legacies||||||||||35,674|196,269|
|Grants received||||||||||(633)|11,941|
|Donation||of|services|||||||255,917|161,628|
|||||||||||1,016,227|691,806|
|Included|within donations||||above are total donations|||off197,400|from 9Trustees|ofThe Sherborne School||
|Foundation|||(2021:f77,400|||from 6Trustees).||||||
|Analysis ofexpenditure|||||on|charitable|activities|||||
||||||||||Donations|||
||||||||||to|||
|||||||||Staff|Sherborne|Support||
|||||||||Costs|School|Costs|Total|
|||||||||f|f|f|f|
|Charitable||Activities:||||||||||
|Donation||to|Sherborne|School|||||678,761||678,761|
|Operational|||costs|||||41,192||46,086|87,278|
|Total - year|||ended 30June|||2022||41,192|678,761|46,086|766,039|
||||||||||Donations|||
||||||||||to|||
|||||||||Staff|Sherborne|Support||
|||||||||Costs|School|Costs|Total|
|||||||||f|f|f|f|
|Charitable||Activities:||||||||||
|Donation||to|Sherborne|School|||||2,067,954||2,067,954|
|Operational|||costs|||||55,525||44,820|100,345|
|Total - year|||ended 30June|||2021||55,525|2,067,954|44,820|2,168,299|
|Net income/(expenditure)||||||for the year||||||
|This is stated after charging:||||||||||||
|||||||||||2022|2021|
|||||||||||f|f|
|Depreciation||||||||||259|283|
|Auditor's||remuneration||for||audit ofthe financial statements||||5,400|5,220|
||2022f|2021
f|
|---|---|---|
|Gross salaries|97,444|101,650|
|Social security costs|9,071|10,110|
|Pension costs|10,111|11,208|
||116,626|122,968|
|The number ofhigher paid employees was:|||
||2022|202k|
||No.|No.|
|f60,000 —f70,000|||
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||No|No|
|Management|staff|||||
|Administrative|staff|||||
|Telephone
campaign||(temporary)|staff|||
##
|s.|Tangible fi|xed asse|ts|||
|---|---|---|---|---|---|
||||||Fixtures and|
||||||fittings|
||||||E|
||Cost|||||
||At 1July 2021||||1,134|
||Additions||||1,039|
||Disposals||||(1,134)|
||At 30June|2022|||1,039|
||Depreciation|||||
||At 1July 2021||||1,134|
||Charge for|the year|||259|
||Disposals||||(1,134)|
||At 30June|2022|||259|
||Net book value|||||
||At 30June|2022|||780|
||At 30June|2021||||
|9.|Investments|||||
||||||2022|
||||||f|
||At 1July 2021||||654,741|
||Additions|||||
||Disposals at book value|||||
||Unrealised|gain/(loss)||||
||At 30June|2022|||654,741|
||Investments|listed|on the Stock Exchange||654,741|
||Historical cost||||654,741|
|10.|Debtors|||||
|||||2022|2021|
|||||f||
||Tax recoverable|||20,490|2,741|
||Other debtors|||50,733|3,561|
|||||71,223|6,302|
|11.|Creditors: amounts||falling due within one year|||
|||||2022|2021|
|||||f|f|
||Accruals|||11,992|8,147|
##
||||Balance at|||Investment||Balance at|
|---|---|---|---|---|---|---|---|---|
||||1July 2021|Income|Expenditure|Gains/(losses)||30June 2022|
||||E|E|E||E|E|
|Restricted
Funds:|||||||||
|Academic
Life|||7,571|6,018||||13,589|
|Andrew
Yorke Sail Training||Fund|12|1,278|(1,265)|||25|
|Art Department|||188|3,664|(2,500)|||1,352|
|Boarding|||32,259|381||||32,640|
|Bursary Programme|||483|45,122|(44,000)|||1,605|
|Chapel Project|||2,823|34||||2,857|
|Drama —Northern|Campus|2|4,551|532||||5,083|
|Ed Moorhouse
Fund|||7,846|159|(809)|||7,196|
|Extra Curricular||||10||||10|
|Foundation
Fellows|||16,147|4,000||||20,147|
|FOS|||298|19||||317|
|Grand Piano|||2,800||(2,800)||||
|Hardship
Fund|||1|24||||25|
|Inspirational
Speakers|||13,596|2,546||||16,142|
|Laser Cutter|||600|76||||676|
|Music Master Class|||296|||||296|
|Music Outreach|||2,802|164||||2,966|
|Music Projects|||1,176||(1,176)||||
|Music Studio Equipment|||1,101|219|(1,211)|||109|
|Northern
Campus||||5,006||||5,006|
|Outward
Bound Cottage|||1,711|15||||1,726|
|Personal
Development|||5,879|8||||5,887|
|Sailing Centre|||2,015|75||||2,090|
|Sailing Project 2004|||5,133|7||||5,140|
|Scholarships|||||||||
|Sports Coaching/Elite|||7,955|3233||||11,188|
|Sports Projects||||656,248|(625,000)|||31,248|
|Travel and Tour Bursary Fund|||750|475||||1,225|
|Upper Pavilion|||192|||||192|
||||118,185|729,313|(678,761)|||168,737|
|Unrestricted
Fund:|||||||||
|General
Fund|||600,275|288,167|(211,282)|||677,160|
|Totals|||718,460|1,017,480|(890,043)|||845,897|
||||Balance at|||Investment||Balance at|
|---|---|---|---|---|---|---|---|---|
||||1July 2020
f|Income
f|Expenditure
f|Gains/(losses)|f|30June 2021
f|
|Restricted
Funds:|||||||||
|Academic
Life|||7,559|12||||7,571|
|Andrew
Yorke Sail Training||Fund|1,002|1,000|(1,990)|||12|
|Art Department|||188|||||188|
|Boarding|||81,944|(49,685)||||32,259|
|Bursary Programme|||8,812|13,468|(21,797)|||483|
|Chapel Project|||2,702|121||||2,823|
|CCF Field Gun|||588||(588)||||
|Drama —Northern|Campus|2|4,024|527||||4,551|
|Ed Moorhouse
Fund|||8,106|154|(414)|||7,846|
|Extra Curricular|||7,225|3|(7,228)||||
|Foundation
Fellows|||12,091|4,056||||16,147|
|FOS|||279|19||||298|
|Grand Piano|||2,799|1||||2,800|
|Hardship
Fund|||99|36,475|(36,573)|||1|
|Inspirational
Speakers|||10,664|2,932||||13,596|
|Laser Cutter|||525|75||||600|
|Music Master Class|||296|||||296|
|Music Outreach|||2,801|1||||2,802|
|Music Projects|||2,327|1|(1,152)|||1,176|
|Music Studio Equipment|||881|220||||1.101|
|Northern
Campus|||158,704|4,868|(163,572)||||
|Outward
Bound Cottage|||1,697|14||||1,711|
|Personal
Development|||5,876|3||||5,879|
|Sailing Centre|||2,014|1||||2,015|
|Sailing Project 2004|||5,131|2||||5,133|
|Scholarships|||||||||
|Sports Coaching/Elite|||4,404|3,551||||7,955|
|Sports Projects|||484,433|369,060|(853,493)||||
|Travel and Tour Bursary Fund|||275|475||||750|
|Upper Pavilion|||192|||||192|
||||817,638|387,354|(1,086,807)|||118,185|
|Unrestricted
Fund:|||||||||
|General
Fund|||1,452,302|304,840|(1,156,867)|||600,275|
|Totals|||2,269,940|692,194|(2,243,674)|||718,460|
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|||Unrestricted|Restricted||
|---|---|---|---|---|
|||Funds|Funds|Total|
|||f|f|f|
|Fixed assets||655,521||655,521|
|Current|assets|33,631|168,737|202,368|
|Current|liabilities|(11,992)|-|(11,992)|
|Total at|30June 2022|677,160|168,737|845,897|
|||Unrestricted|Restricted||
|||Funds|Funds|Total|
|||f|f|f|
|Fixed assets||608,422|46,319|654,741|
|Current|assets||71,866|71,866|
|Current|liabilities|(8,147)||(8,147)|
|Total at|30June 2021|600,275|118,185|718,460|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||f|f|
|Net movement|in|funds|||127,437|(1,551,480)|
|Adjustment
for:|||||||
|Depreciation|||||259|283|
||||||127,696|(1,551,197)|
|Movements
in working capital:|||||||
|(Increase)/decrease||in debtors|||(64,921)|235,213|
|Increase/(decrease)||in creditors|||3,845|(115)|
|Cash generated|from/(used||in) operations||66,620|(1,316,099)|
|Net cash provided||by/(used|in) operating|activities|66,620|(1,316,099)|
##
|||2022|2021|
|---|---|---|---|
|||f'000|f'000|
|Donations|to parent|679|2,068|
|Donated|services from parent|256|162|
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